What a difference a year has made for BT (NYSE: BT). Buoyed by operational improvements and cost cutting, BT bounced back with $308.4 million in net profit in three months to March 31.  

This is a stark contrast to last year’s financial blow from the poor performance of its global services unit with a restated $1.48 billion net loss in 2009, which included a $1.9 billion charge from its global services division. And while BT’s revenue declined 2 percent to $7.86 billion for the year, it was above analyst expectations of $7.56 billion.

One area of growth BT is making an investment in is broadband. BT plans to invest an additional $1.46 billion to expand the reach of its planned Fiber to the X network deployment plans.

For more:
- see the earnings release
- Wall Street Journal has this article
- Reuters has this coverage

Related articles:
BT raises bar for its FTTX plans
BT unveils new FTTX locations
BT reveals FTTX service pricing
BT accelerates its Fiber to the X deployment timeline
BT boosts Fiber to the Premise plans
BT unveils aggressive Fiber-to-the-X timeline
BT Wholesale debuts new broadband wholesale service
BT Openreach to conduct FTTP trials in existing service areas

Related posts:

1. BT raises bar for its FTTX plans
2. BT plunks down another $1.5 billion on FTTX network
3. BT targets 41 UK towns for next phase of FTTX rollout
4. Telesp extends Sao Paulo FTTX network reach
5. Frontier puts ADTRAN to work for its broadband expansion plans

Tags: broadband, deployment plans, fiber, fiber to the premise, FTTX, global services division, nbsp, network deployment, openreach, Wall Street, X timelineBT, year

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